Making Smart Financial Choices

Traditionally, it has been believed that women are weaker than men at least in money matters. This old adage no longer holds true as several studies indicate women are picking up fast and handling finances in a much smarter way than their male counterparts. The Global Wealth Report, 2018, recently released by Credit Suisse, one of the leading global investment bank, pointed out, “The wealth of women has been receiving increasing attention and we estimate that women account for about 40 per cent of global wealth overall. During the 20th century, their share of wealth rose considerably and, since the year 2000, the level of women’s wealth has risen along with all household wealth, especially in Asia alongside the rise of China’s wealth.” Even the Boston Consulting Group (BCG)’s digital lending report said, while digital influence is equal amongst men and...